Greece wants tax cuts, extra help for the poor and unemployed, a freeze on public sector lay-offs and more time to cut its deficit under a plan likely to run into strong opposition at a European Union summit next week. The new coalition government’s program, seen by Reuters on Saturday, reflected public pressure to ease…
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White House: No Tax Cut Extension for Rich, Period – CNBC
by Newswires • • 0 Comments
The White House is insisting President Barack Obama will not extend the Bush-era tax cuts for wealthier Americans — even temporarily. Obama spokesman Jay Carney said the president has been clear in his opposition to extending tax cuts for households with annual incomes above $250,000. via White House: No Tax Cut Extension for Rich, Period…
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Germany digs in heels on eurobonds- Full Story
by Lee Adler • • 0 Comments
(via AFP) German Finance Minister Wolfgang Schaeuble reiterated Wednesday his opposition to eurobonds, saying such financial instruments would not solve the eurozone’s debt crisis. Eurobonds — the pooling of the debt of eurozone countries — would “provide totally the wrong incentive,” Schaeuble told NDR public…
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Accidentally Released – and Incredibly Embarrassing – Documents Show How Goldman et al Engaged in ‘Naked Short Selling’ | Matt Taibbi | Rolling Stone
by Newswires • • 0 Comments
The lawyers for Goldman and Bank of America/Merrill Lynch have been involved in a legal battle for some time – primarily with the retail giant Overstock.com, but also with Rolling Stone, the Economist, Bloomberg, and the New York Times. The banks have been fighting us to keep sealed certain documents that surfaced in the discovery…
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Obama bypasses Senate, installs new consumer chief
by Bears Chat at The Wall Street Examiner • • 0 Comments
Obama bypasses Senate, installs new consumer chief
By BEN FELLER and JIM KUHNHENN | AP – 1 hr 43 mins ago…
SHAKER HEIGHTS, Ohio (AP) — A defiant President Barack Obama, tired of Senate Republicans stalling his nominee to lead a new consumer prot…
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Struggling witha Great Contraction
by Bears Chat at The Wall Street Examiner • • 0 Comments
Now consider, against this background of continuing fragility, how people view the political scene. In neither the US nor the eurozone, does the politician supposedly in charge – Barack Obama, the US president, and Angela Merkel, Germany’s chancell…
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Barron’s: ‘The Underappreciated Upside Risk’
by a Wall Street Examiner • • 0 Comments
“This little period of congestion in stock prices could hardly fit more neatly into the logically bulletproof case for a stall or pullback in the tape, one made here for several weeks.”
“The excuses to “sell on the news” are rife.”
“Strong corporate…
